First Community Bankshares (NASDAQ:FCBC) Sees Strong Trading Volume – Here’s What Happened

Shares of First Community Bankshares, Inc. (NASDAQ:FCBC) saw strong trading volume on Friday . 20,657 shares were traded during trading, a decline of 40% from the previous session’s volume of 34,204 shares.The stock last traded at $41.15 and had previously closed at $41.64.

First Community Bankshares Stock Performance

The business’s fifty day moving average price is $44.81 and its two-hundred day moving average price is $41.72. The stock has a market capitalization of $777.55 million, a P/E ratio of 15.24 and a beta of 0.56.

First Community Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, November 8th. First Community Bankshares’s dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling

In other First Community Bankshares news, CFO David D. Brown sold 2,520 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $48.00, for a total value of $120,960.00. Following the completion of the sale, the chief financial officer now owns 12,676 shares of the company’s stock, valued at approximately $608,448. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason R. Belcher sold 6,384 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $46.49, for a total transaction of $296,792.16. Following the transaction, the senior vice president now owns 15,317 shares in the company, valued at approximately $712,087.33. This trade represents a 29.42 % decrease in their position. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in First Community Bankshares by 11.8% during the third quarter. Franklin Resources Inc. now owns 10,950 shares of the bank’s stock worth $475,000 after purchasing an additional 1,158 shares in the last quarter. Barclays PLC grew its stake in First Community Bankshares by 219.6% in the 3rd quarter. Barclays PLC now owns 29,709 shares of the bank’s stock valued at $1,282,000 after acquiring an additional 20,412 shares during the period. State Street Corp raised its position in First Community Bankshares by 2.5% during the third quarter. State Street Corp now owns 424,564 shares of the bank’s stock worth $18,320,000 after acquiring an additional 10,166 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in First Community Bankshares during the third quarter valued at $372,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of First Community Bankshares by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,798 shares of the bank’s stock valued at $5,903,000 after purchasing an additional 2,605 shares during the period. 34.95% of the stock is currently owned by hedge funds and other institutional investors.

First Community Bankshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.